Black Money Case: 3 Swiss Bank Account Holders* Names in Affidavit to SC

Government of India has released names of three black money account holders’ names and it is believed that yet many more names are to be disclosed. Black money has been buzzing in the Indian media and has been a big defiance in front of the government at centre since past few years. Some official sources state that the lists of the Swiss bank holder’s names are with government and government is hesitating to disclose the names on security grounds and many other factors which may cause discommode and may cause any complications in retrieving the alleged black money.

Swiss Bank Black Money Account Holders

Pradip Burman in Black Money Case:

Government of India on Monday disclosed big shots and business man names before the supreme court of India. Eight names if the alleged persons whose names were disclosed before the apex court supreme court of India includes names of Pradip Burman former head of the Dabur India, Bullion Trader Pankaj Chimanlal Lodhiya and Mining Company Timblo Private Limited and its five directors were stated among the names which were listed out by the government before the supreme court of India. The names figured in a 16-page affidavit filed in the apex court.

Ministry of Finance Declares Eight Black Money Account Holders Names:

Declaration of eight names of black money holder’s names of Swiss bank has appeared in front of everyone after attacks and allegations of the political rivals and opposition parties stating that the government is in support of the black money account holders and is not proceeding ahead taking action and retrieving back money to India. Government of India stated that these names which were produced before the apex court were approved by French authorities and concerning the bank officials. Government of India representing lawyer stated in Supreme Court that all the foreign bank accounts may not be stated as illegal and they may be owned by few honourable citizens of our nation who own the accounts in legitimate methods. The centre has assured that it would disclose many more black money account holders’ names in a short span of time as they are being verified and are being scanned.

Swiss Bank Black Money

Finance ministry in media conference reported that “No information will be withheld… but due legal process would be followed,” and the centre wants to be careful that it doesn’t violate confidentiality clauses that are part of bilateral tax treaties. Adding to this spokesperson of Mnistry of Finance stated that only the names of those against whom the authorities get “prosecutable evidence” will be revealed and Countries may be unwilling to pass on more information if secrecy provisions aren’t respected. As per Swiss National Bank’s latest data, the total money held by Indians in Swiss banks stood at over Rs 14,000 crore as on December 2013, up by nearly 42 per cent from a year ago.

cartoon on black money

The additional affidavit on the black money issue was filed today in furtherance of its affidavit recently when it had said that names of account holders in foreign banks cannot be disclosed till there is evidence of tax evasion against them and prosecution is launched in India. While Burman’s name was received from French authorities the names of Lodhia and others have been received from “other countries”. The list names Timblo Private Limited and its Directors Mrs Radha Satish Timblo, Chetan S Timblo, Rohan S Timblo, Mrs Anna C Timblo and Mrs Mallika R Timblo. It was not clear whether the account holder is the company or its Directors. Shortly after the disclosure in the Supreme Court, Dabur India promoter family, Burmans said the account complied with all legal requirements.

Finance Minister Arun Jaitley Speaks

Alleged Account Holders Denies Charges Of Govt. Of India:

In an official statement of the Dabur India it was revealed that “We wish to state that this account was opened when he (Pradip) was an NRI, and was legally allowed to open this account, We have followed all the laws and the complete details regarding the account have been voluntarily, and as per law, filed with the Income Tax Department, and appropriate taxes paid, wherever applicable,” a Dabur spokesperson said in a statement. While Mr Pankaj Chimanlal Lodhiya said in an media interaction that “We have already declared in the income tax and there is nothing…we don’t have any Swiss account that is the only thing which I can say”.

Swiss Nank

Mining Company Timblo Private Limited chief Radha Timbo when asked by the media stating how would she like to respond  on the centres allegation on her proclaiming that she owns a black money holder account in Swiss bank and she declined to comment on her name being mentioned in the affidavit, saying she has to first study it before commenting. Well whatever may be the comments and statements of the centre and alleged persons the whole nation wishes and has the right to see the black money account holders names are being brought out so that they can be punished and retrieved the black money is judiciously spent and allotted for good governance and public welfare.

All India Round Up urges every Indian to wake up and call for the right of knowing the remaining black money holders names and appreciates the centre for at least declaring the eight names so lately and urges the centre to be fast enough to reveal the remaining names. Stay tuned to All India Round Up for more trust worthy news and updates across the globes.


FacebookTwitterInstagramPinterestLinkedInGoogle+YoutubeRedditDribbbleBehanceGithubCodePenEmailWhatsappEmail
×
facebook
Hit “Like” to follow us and receive latest news